Reserve Bank of Australia
Cash Rate Target, 4.35% since 6 May 2026.
as of 30 Oct 2026 · own history joined to BIS · 98 decisions since 1990
Australia·AUD·all central banksLast
4.35%
6 May 2026
Previous
4.10%
18 March 2026
High since 1990
17.50%
23 January 1990
Low since 1990
0.10%
4 November 2020
Meetings a year
8
scheduled next year
Next decision
3 November 2026
in 1 days
Shaded: market rate used as a proxy, not a decision.
Every decision
Newest first; a shaded row marks a change of instrument.
| Date | Level | Change | Instrument |
|---|---|---|---|
| 2026-05-06 | 4.35% | +0.25% | Cash Rate Target |
| 2026-03-18 | 4.10% | +0.25% | Cash Rate Target |
| 2026-02-04 | 3.85% | +0.25% | Cash Rate Target |
| 2025-08-13 | 3.60% | −0.25% | Cash Rate Target |
| 2025-05-21 | 3.85% | −0.25% | Cash Rate Target |
| 2025-02-19 | 4.10% | −0.25% | Cash Rate Target |
| 2023-11-08 | 4.35% | +0.25% | Cash Rate Target |
| 2023-06-07 | 4.10% | +0.25% | Cash Rate Target |
| 2023-05-03 | 3.85% | +0.25% | Cash Rate Target |
| 2023-03-08 | 3.60% | +0.25% | Cash Rate Target |
| 2023-02-08 | 3.35% | +0.25% | Cash Rate Target |
| 2022-12-07 | 3.10% | +0.25% | Cash Rate Target |
| 2022-11-02 | 2.85% | +0.25% | Cash Rate Target |
| 2022-10-05 | 2.60% | +0.25% | Cash Rate Target |
| 2022-09-07 | 2.35% | +0.50% | Cash Rate Target |
| 2022-08-03 | 1.85% | +0.50% | Cash Rate Target |
| 2022-07-06 | 1.35% | +0.50% | Cash Rate Target |
| 2022-06-08 | 0.85% | +0.50% | Cash Rate Target |
| 2022-05-04 | 0.35% | +0.25% | Cash Rate Target |
| 2020-11-04 | 0.10% | −0.15% | Cash Rate Target |
| 2020-03-20 | 0.25% | −0.25% | Cash Rate Target |
| 2020-03-04 | 0.50% | −0.25% | Cash Rate Target |
| 2019-10-02 | 0.75% | −0.25% | Cash Rate Target |
| 2019-07-03 | 1.00% | −0.25% | Cash Rate Target |
| 2019-06-05 | 1.25% | −0.25% | Cash Rate Target |
| 2016-08-03 | 1.50% | −0.25% | Cash Rate Target |
| 2016-05-04 | 1.75% | −0.25% | Cash Rate Target |
| 2015-05-06 | 2.00% | −0.25% | Cash Rate Target |
| 2015-02-04 | 2.25% | −0.25% | Cash Rate Target |
| 2013-08-07 | 2.50% | −0.25% | Cash Rate Target |
| 2013-05-08 | 2.75% | −0.25% | Cash Rate Target |
| 2012-12-05 | 3.00% | −0.25% | Cash Rate Target |
| 2012-10-03 | 3.25% | −0.25% | Cash Rate Target |
| 2012-06-06 | 3.50% | −0.25% | Cash Rate Target |
| 2012-05-02 | 3.75% | −0.50% | Cash Rate Target |
| 2011-12-07 | 4.25% | −0.25% | Cash Rate Target |
| 2011-11-02 | 4.50% | −0.25% | Cash Rate Target |
| 2010-11-03 | 4.75% | +0.25% | Cash Rate Target |
| 2010-05-05 | 4.50% | +0.25% | Cash Rate Target |
| 2010-04-07 | 4.25% | +0.25% | Cash Rate Target |
| 2010-03-03 | 4.00% | +0.25% | Cash Rate Target |
| 2009-12-02 | 3.75% | +0.25% | Cash Rate Target |
| 2009-11-04 | 3.50% | +0.25% | Cash Rate Target |
| 2009-10-07 | 3.25% | +0.25% | Cash Rate Target |
| 2009-04-08 | 3.00% | −0.25% | Cash Rate Target |
| 2009-02-04 | 3.25% | −1.00% | Cash Rate Target |
| 2008-12-03 | 4.25% | −1.00% | Cash Rate Target |
| 2008-11-05 | 5.25% | −0.75% | Cash Rate Target |
| 2008-10-08 | 6.00% | −1.00% | Cash Rate Target |
| 2008-09-03 | 7.00% | −0.25% | Cash Rate Target |
| 2008-03-05 | 7.25% | +0.25% | Cash Rate Target |
| 2008-02-06 | 7.00% | +0.25% | Cash Rate Target |
| 2007-11-07 | 6.75% | +0.25% | Cash Rate Target |
| 2007-08-08 | 6.50% | +0.25% | Cash Rate Target |
| 2006-11-08 | 6.25% | +0.25% | Cash Rate Target |
| 2006-08-02 | 6.00% | +0.25% | Cash Rate Target |
| 2006-05-03 | 5.75% | +0.25% | Cash Rate Target |
| 2005-03-02 | 5.50% | +0.25% | Cash Rate Target |
| 2003-12-03 | 5.25% | +0.25% | Cash Rate Target |
| 2003-11-05 | 5.00% | +0.25% | Cash Rate Target |
| 2002-06-05 | 4.75% | +0.25% | Cash Rate Target |
| 2002-05-08 | 4.50% | +0.25% | Cash Rate Target |
| 2001-12-05 | 4.25% | −0.25% | Cash Rate Target |
| 2001-10-03 | 4.50% | −0.25% | Cash Rate Target |
| 2001-09-05 | 4.75% | −0.25% | Cash Rate Target |
| 2001-04-04 | 5.00% | −0.50% | Cash Rate Target |
| 2001-03-07 | 5.50% | −0.25% | Cash Rate Target |
| 2001-02-07 | 5.75% | −0.50% | Cash Rate Target |
| 2000-08-02 | 6.25% | +0.25% | Cash Rate Target |
| 2000-05-03 | 6.00% | +0.25% | Cash Rate Target |
| 2000-04-05 | 5.75% | +0.25% | Cash Rate Target |
| 2000-02-02 | 5.50% | +0.50% | Cash Rate Target |
| 1999-11-03 | 5.00% | +0.25% | Cash Rate Target |
| 1998-12-02 | 4.75% | −0.25% | Cash Rate Target |
| 1997-10-01 | 5.00% | 0.00% | Cash Rate Target |
| 1997-07-30 | 5.00% | −0.50% | Cash Rate Target |
| 1997-05-23 | 5.50% | −0.50% | Cash Rate Target |
| 1996-12-11 | 6.00% | −0.50% | Cash Rate Target |
| 1996-11-06 | 6.50% | −0.50% | Cash Rate Target |
| 1996-07-31 | 7.00% | −0.50% | Cash Rate Target |
| 1994-12-14 | 7.50% | +1.00% | Cash Rate Target |
| 1994-10-24 | 6.50% | +1.00% | Cash Rate Target |
| 1994-08-17 | 5.50% | +0.75% | Cash Rate Target |
| 1993-07-30 | 4.75% | −0.50% | Cash Rate Target |
| 1993-03-23 | 5.25% | −0.50% | Cash Rate Target |
| 1992-07-08 | 5.75% | −0.75% | Cash Rate Target |
| 1992-05-06 | 6.50% | −1.00% | Cash Rate Target |
| 1992-01-08 | 7.50% | −1.00% | Cash Rate Target |
| 1991-11-06 | 8.50% | −1.00% | Cash Rate Target |
| 1991-09-03 | 9.50% | −1.00% | Cash Rate Target |
| 1991-05-16 | 10.50% | −1.00% | Cash Rate Target |
| 1991-04-04 | 11.50% | −0.50% | Cash Rate Target |
| 1990-12-18 | 12.00% | −1.00% | Cash Rate Target |
| 1990-10-15 | 13.00% | −1.00% | Cash Rate Target |
| 1990-08-02 | 14.00% | −1.25% | Cash Rate Target |
| 1990-04-04 | 15.00%–15.50% | −1.50% | Cash Rate Target (band) |
| 1990-02-15 | 16.50%–17.00% | −0.50% | Cash Rate Target (band) |
| 1990-01-23 | 17.00%–17.50% | −0.73% | Cash Rate Target (band) |
| 1990-01-23: The RBA began announcing an explicit Cash Rate Target on 1990-01-23 (initially as a band); before this the cash rate was market-determined, not an RBA target. | |||
2026-05-064.35%
Cash Rate Target+0.25%
2026-03-184.10%
Cash Rate Target+0.25%
2026-02-043.85%
Cash Rate Target+0.25%
2025-08-133.60%
Cash Rate Target−0.25%
2025-05-213.85%
Cash Rate Target−0.25%
2025-02-194.10%
Cash Rate Target−0.25%
2023-11-084.35%
Cash Rate Target+0.25%
2023-06-074.10%
Cash Rate Target+0.25%
2023-05-033.85%
Cash Rate Target+0.25%
2023-03-083.60%
Cash Rate Target+0.25%
2023-02-083.35%
Cash Rate Target+0.25%
2022-12-073.10%
Cash Rate Target+0.25%
Market-rate spans
Eras where the level is a BIS-observed market rate rather than a decision, summarised at each era's daily extremes.
| Instrument | From | To | Observations | Min | Max |
|---|---|---|---|---|---|
| Interbank overnight cash rate | 1976-04-07 | 1990-01-22 | 3,242 | 0.63% | 85.00% |
Interbank overnight cash rate
1976-04-07 to 1990-01-22 · 3,242 obs
0.63% – 85.00%
A market era is a traded rate BIS uses as a proxy for the policy stance, not a rate the bank itself set by decision.
Where these numbers come from
Own change table for the Cash Rate Target from the RBA's A2 release, 1990-01-23 onward (a band, lower/upper on each row, until 1990-08-02 when the RBA moved to a single-point target). Before 1990 the cash rate was a market-determined interbank overnight rate, not an RBA target, so this is BIS-derived from 1976-04-07, the earliest BIS Australia daily observation; the RBA itself dates to 1960 but no daily series covers 1960-1976, left as a gap. BIS Australia daily agrees on 3339 of 3339 overlapping change dates checked (0.0% disagreement).